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(M18) 157.34-157.36 The Resistance To....>

BUND TECHS: (M18) 157.34-157.36 The Resistance To Fresh Upside Interest
*RES 4: 158.39 Jan 23 high
*RES 3: 157.80 50% Fibo of 160.98-154.62
*RES 2: 157.69 Mar 5 high
*RES 1: 157.34/36 76.4% of 157.69-156.22, Mar 8 high
*PRICE: 157.01 @0910GMT
*SUP 1: 156.50/60 Hourly support
*SUP 2: 156.22/24 Mar 8, Mar 6 lows
*SUP 3: 156.16 61.8% Fibo of 154.62-157.69
*SUP 4: 155.77/79 Feb 13 high, 76.4% Fibo of 154.62-157.69
*COMMENTARY* The move through the Feb 5 and Jan 31 highs at 156.60 last week,
gave the green light to the potential for a greater correction of the
160.98-154.62 losses seen since mid December. Monday saw a rise to 157.69, on
the approach to the next Fibo retrace level, the 50%, at 157.80. Overbought near
term, support from 156.72 has since been lost, so attention switched to
156.24-156.16 support. Meanwhile, back above 157.34-36 needed to revive upside.

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